Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following components (dollars in thousands):

	March 31, 2022		December 31, 2021
Land and land improvements	$	19,480	$	19,630
Buildings	94,170		93,170
Machinery and equipment	443,130		422,500
	556,780		535,300
Less: Accumulated depreciation	276,940		269,670
Property and equipment, net	$	279,840	$	265,630

Depreciation Expense

Depreciation expense as included in the accompanying consolidated statement of income is as follows (dollars in thousands):

	Three months ended March 31,
	2022		2021
Depreciation expense, included in cost of sales	$	8,170	$	7,560
Depreciation expense, included in selling, general and administrative expenses	300		290
Total depreciation expense	$	8,470	$	7,850